Greenland Technologies Holding Corporation (GTEC)

GTEC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	4.58	6.66	22.98	16.3	11.06	7.16
Short-Term Investments	18.52	18.54	2.82	7.8	2.11	-
Cash & Short-Term Investments	23.1	25.19	25.8	24.1	13.17	7.16
Cash Growth	2.10%	-2.34%	7.07%	82.98%	83.94%	237.14%
Accounts Receivable	42.2	38.53	43.62	43.09	53.47	43.21
Other Receivables	1.24	-	-	30.21	39.68	38.54
Receivables	43.44	38.77	43.84	73.3	93.15	81.75
Inventory	25.92	25.19	24.89	23.51	26.24	15.83
Prepaid Expenses	1.66	1.54	0.05	1.57	0.01	-
Restricted Cash	0.5	1.95	5.21	3.43	6.74	2.24
Other Current Assets	-	-	-	-	-	0.66
Total Current Assets	94.61	92.65	99.79	125.91	139.31	107.64
Property, Plant & Equipment	13.99	14.76	15.82	18.21	19.04	20.14
Long-Term Investments	11.07	4.13	9.92	0.25	-	-
Goodwill	-	-	-	-	0	0
Other Intangible Assets	3.34	3.36	3.64	3.79	4.04	4.04
Long-Term Deferred Tax Assets	0.43	0.43	0.26	0.22	0.14	0.16
Other Long-Term Assets	0.12	0.25	1.05	6.74	0.04	0
Total Assets	123.57	115.58	130.48	155.12	162.57	131.98
Accounts Payable	47.68	42.47	61.99	53.15	71.57	48.43
Accrued Expenses	-	3.15	1.98	1.46	1.15	1.69
Short-Term Debt	-	0.09	3.14	10.61	11.97	25.74
Current Portion of Leases	0.54	0.52	0.49	0.47	0.23	0.8
Current Income Taxes Payable	1.62	1.2	0.76	0.19	0.11	-
Current Unearned Revenue	-	-	-	-	-	1.78
Other Current Liabilities	6.4	10.1	4.18	0.32	0.44	0.37
Total Current Liabilities	56.23	57.54	72.52	66.21	85.46	78.81
Long-Term Leases	0.89	1.17	1.68	2.18	0.05	0.17
Long-Term Unearned Revenue	-	1.26	1.53	-	-	2.34
Other Long-Term Liabilities	3.22	2.34	4.08	7.3	2.21	-
Total Liabilities	60.34	62.31	79.82	75.68	87.72	81.32
Additional Paid-In Capital	34.42	27.47	30.29	30.29	23.76	13.71
Retained Earnings	37.22	36.44	22.38	38.26	37.51	31.25
Comprehensive Income & Other	-2.44	-3.71	-2.58	-2.83	1.01	-0.06
Total Common Equity	69.21	60.21	50.08	65.71	62.28	44.89
Minority Interest	-5.98	-6.94	0.57	13.72	12.56	5.77
Shareholders' Equity	63.23	53.27	50.65	79.43	74.84	50.66
Total Liabilities & Equity	123.57	115.58	130.48	155.12	162.57	131.98
Total Debt	1.43	1.78	5.31	13.26	12.25	26.7
Net Cash (Debt)	21.67	23.42	20.49	10.84	0.92	-19.55
Net Cash Growth	5.17%	14.27%	89.10%	1075.25%	-	-
Net Cash Per Share	1.52	1.72	1.55	0.91	0.09	-1.95
Filing Date Shares Outstanding	17.39	13.59	13.59	12.98	11.33	10.5
Total Common Shares Outstanding	17.39	13.59	13.59	12.98	11.33	10.23
Working Capital	38.38	35.11	27.27	59.7	53.84	28.84
Book Value Per Share	3.98	4.43	3.68	5.06	5.50	4.39
Tangible Book Value	65.87	56.85	46.44	61.93	58.25	40.85
Tangible Book Value Per Share	3.79	4.18	3.42	4.77	5.14	4.00
Buildings	-	11.13	11.44	11.78	12.75	12.45
Machinery	-	22.79	21.56	21.55	22.48	21.43
Construction In Progress	-	0.01	0.02	0.02	0.41	0.09

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q